๐๐ง๐๐๐ซ๐ง๐๐ ๐๐๐ฏ๐๐ง๐ฎ๐: ๐๐ก๐๐ง ๐๐ญ ๐๐๐๐จ๐ฆ๐ ๐๐๐ซ๐ง๐๐? The questions like what is unearned revenue? How to calculate it and recognize it? When is it transferred from the balance sheet to the income statement? All these questions are addressed here just read ahead! What Is Unearned Revenue? Unearned revenue can also be calledย deferred revenue. It is the …
Contra revenue account
๐๐จ๐ง๐ญ๐ซ๐ ๐๐ฌ๐ฌ๐๐ญ ๐๐ฌ ๐๐จ๐ง๐ญ๐ซ๐ ๐๐๐ฏ๐๐ง๐ฎ๐- ๐๐จ๐ฐ ๐๐จ ๐๐ก๐๐ฒ ๐๐ข๐๐๐๐ซ? Contra Asset vs Contra Revenueโฆ. If you are wondering what is the difference between a contra asset account and a contra revenue account? All your queries are going to be gone away. Just read ahead! Contra means the opposite. Aย contra accountย is an account that has an …
A contra account reduces the balance of its associated account and also recognizes the reason for reducing it.